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Yazzo Corp acquired a 3 year asset for $70,000. It was placed in service in December. This is the only asset the company placed in
Yazzo Corp acquired a 3 year asset for $70,000. It was placed in service in December. This is the only asset the company placed in service during the year. Neither the straight line method nor the 150% declining balance method was elected. The company elected out of bonus depreciation and the Section 179 expense deduction. The property was sold in April of Year 2. What is the depreciation for the year of sale? A. $5,347, B. $16,041, C. $21,389, D. $42,777
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